Luckbud, the bid as it stands is $1.5. The rest is dunny...

Luckbud, the bid as it stands is $1.5. The rest is dunny paper.

WNI needs 100% of BRM. To do that they need 90% in order to compulsorily acquire all BRM shares. The delisting is both an empty threat and a red herring.

I am very doubtful you will get your money back since you bought expensive. I don't rule out on market sp to spike to the low to mid $3's range if WNI gets desperate knowing the bluff has fallen on deaf ears.

The fact that they told the media time and time again that they were confident of wrapping it all up may be a sign of the opposite. The low hanging fruits are all gone, now they buy and sell to one another and hope the tree gets shaken a bit more.

As I said, unless they can get to the magical 90% ownership required for compulsory acquisition, they can't flog it off no matter how much more DSO JORC new resources these Chinese dogs and the mongrel BRM directors announce going forward.